Netflix customer forecast disappoints, shares plungeBloombergNetflix Inc expects to add just 2.5 million subscribers this quarter, a number that falls short of Wall Street’s estimates and would mark the slowest start to a new year for the company in at least a decade. Netflix added just 18.2 million customers in last year, down about 50 percent from the record year before. Netflix has delivered on that promise for a decade, growing year after year to more than 200 million subscribers. However, now that the company has signed up so many customers in North America and much of Europe, growth becomes challenging. Netflix added 7.14 million customers in Asia Pacific and 7.34 million in Europe, the Middle East and Africa.

Source: Taipei Times January 22, 2022 03:53 UTC